Top legislator welcomes Japanese firm’s interest in clean energy development in Vietnam
Chairman of the National Assembly Vuong Dinh Hue has welcomed the interest of foreign investors, including Japan's Erex Co Ltd, in clean energy development in Vietnam.
Chairman of the National Assembly Vuong Dinh (right) hosts a reception for Erex Chairman and Representative Director Honna Hitoshi in Hanoi on March 11. (Photo: VNA)
Hanoi (VNA) – Chairman of the NationalAssembly Vuong Dinh Hue has welcomed the interest of foreign investors,including Japan's Erex Co Ltd, in clean energy development in Vietnam.
At a reception for Erex Chairman and RepresentativeDirector Honna Hitoshi in Hanoi on March 11, the top legislator noted that Erexand Vietnam’s T&T Group signed a memorandum of understanding on cooperationin biomass energy in Vietnam.
He said the Vietnam-Japan extensive strategicpartnership for peace and prosperity in Asia is thriving across spheres, addingthat Japan continues to be Vietnam’s leading economic partner, biggest officialdevelopment assistance (ODA) supplier, second biggest investor, third biggesttourism partner and fourth biggest trade partner.
Despite the COVID-19 pandemic, the bilateral trade andeconomic ties have still grown, creating an important foundation for theVietnam-Japan cooperation to expand in all fields, the host said.
In reply, Hitoshi stressed that the Japanesegovernment wants to help Vietnam fulfill its target of reducing carbonemissions, saying Vietnam has huge potential for biomass energy development whichwould contribute to ensuring stable electricity supply.
He told the Vietnamese leader that Erex and its Vietnamesepartners studied biomass resources in 16 Vietnamese cities and provinces lastmonth, and 19 projects with capacity of 1400MW would be rolled out in Vietnamby 2035.
Hue affirmed that Erex’s investment plan in biomasspower matches Vietnam’s national strategy on green growth for 2021-2030, with avision towards 2050, as well as the country’s commitment made at the 26thUnited Nations Climate Change Conference of the Parties (COP26).
Vietnam is also working to complete the PowerDevelopment Plan VIII under which increasing the ratio of renewable energy,including biomass power, is taken into account.
The Vietnamese legislature always supports and facilitatessustainable and long-term investment of businesses in the country, he pledged./.
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Chairman of the National Assembly Vuong Dinh (right) hosts a reception for Erex Chairman and Representative Director Honna Hitoshi in Hanoi on March 11. (Photo: VNA) 
